A vision of stability within the Basel accord

In this article, first published by the Financial Times, Bank of Spain governor Jaime Caruana says the new Basel accord offers us the chance significantly to improve financial stability. In a few years' time, the benefits of Basel II will have become so obvious that any doubts about its completion will have been forgotten.

The writer, Jaime Caruana, is governor of the Bank of Spain and chairman of the Basel committee on banking supervision.

Michelangelo is said to have remarked that, having seen

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